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Slow Moving Spare Parts Inventory: You Will Need to Hold Items That Will Not Move

December 14 Phillip Slater

Subject Area: Slow Moving Spare Parts Inventory

slow moving inventoryConcerned about the number of slowing moving items in your spare parts inventory?

Concerned that these are a sign of wasted money and poor inventory management?

The reality is that with spare parts inventory you will need to hold items that will not move.

This is a necessary part of managing spare parts and is one fundamental difference with ‘standard’ inventory management.

Failure to understand these types of ‘rules’ around spare parts inventory leads to an increased risk in spare parts inventory. Risk that is avoidable. If you know how.

This video explains why with spare parts inventory you will need to hold items that will not move.

 
 
This short video is an edited extract from a live webinar titled: What Every Senior Manager and CFO Must Know About Spare Parts Inventory

The key take away from this video is that with spare parts you will have slow moving inventory and this is a necessary part of spare parts management.

Run time: 2 minutes 23 seconds


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For information on spare parts inventory characteristics and our spare parts management online training please visit our Pro Level page.


 
 
 
Posted by: Phillip Slater
 

Filed Under: Video Tagged With: inventory optimization, mro, slow moving, spare parts inventory

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